McAdam LLC raised its stake in shares of The Procter & Gamble Company (NYSE:PG – Get Rating) by 7.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 2,369 shares of the company’s stock after buying an additional 168 shares during the period. McAdam LLC’s holdings in Procter & Gamble were worth $388,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its position in Procter & Gamble by 1.0% during the third quarter. Vanguard Group Inc. now owns 224,570,227 shares of the company’s stock valued at $28,351,991,000 after buying an additional 2,197,165 shares during the period. BlackRock Inc. raised its holdings in Procter & Gamble by 1.1% in the 3rd quarter. BlackRock Inc. now owns 161,904,833 shares of the company’s stock worth $20,440,487,000 after purchasing an additional 1,811,085 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in Procter & Gamble by 108.5% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 3,339,628 shares of the company’s stock worth $421,628,000 after purchasing an additional 1,737,742 shares in the last quarter. Two Sigma Advisers LP grew its holdings in Procter & Gamble by 431.3% in the third quarter. Two Sigma Advisers LP now owns 1,542,800 shares of the company’s stock valued at $194,779,000 after purchasing an additional 1,252,400 shares during the period. Finally, Assenagon Asset Management S.A. increased its position in shares of Procter & Gamble by 139.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,718,903 shares of the company’s stock valued at $260,517,000 after buying an additional 1,000,548 shares in the last quarter. Hedge funds and other institutional investors own 62.13% of the company’s stock.
Insider Transactions at Procter & Gamble
In other Procter & Gamble news, CFO Andre Schulten sold 1,311 shares of the firm’s stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $137.34, for a total value of $180,052.74. Following the completion of the transaction, the chief financial officer now owns 35,142 shares of the company’s stock, valued at approximately $4,826,402.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Procter & Gamble news, CFO Andre Schulten sold 1,311 shares of the company’s stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $137.34, for a total transaction of $180,052.74. Following the sale, the chief financial officer now owns 35,142 shares in the company, valued at approximately $4,826,402.28. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Jon R. Moeller sold 2,151 shares of Procter & Gamble stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $137.34, for a total value of $295,418.34. Following the completion of the transaction, the chief executive officer now owns 226,748 shares of the company’s stock, valued at approximately $31,141,570.32. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,766 shares of company stock valued at $656,511. 0.26% of the stock is currently owned by corporate insiders.
Procter & Gamble Stock Down 0.8 %
Procter & Gamble (NYSE:PG – Get Rating) last posted its quarterly earnings data on Thursday, January 19th. The company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.01. Procter & Gamble had a return on equity of 32.03% and a net margin of 17.79%. The firm had revenue of $20.77 billion for the quarter, compared to the consensus estimate of $20.75 billion. During the same quarter in the previous year, the business earned $1.66 EPS. The company’s quarterly revenue was down .9% compared to the same quarter last year. Research analysts predict that The Procter & Gamble Company will post 5.84 EPS for the current year.
Analysts Set New Price Targets
A number of research firms recently issued reports on PG. Wells Fargo & Company dropped their price target on shares of Procter & Gamble from $168.00 to $162.00 and set an “overweight” rating on the stock in a research note on Friday, January 20th. Citigroup initiated coverage on shares of Procter & Gamble in a research note on Thursday, February 16th. They set a “buy” rating and a $160.00 target price for the company. UBS Group raised their price target on shares of Procter & Gamble from $163.00 to $170.00 and gave the company a “buy” rating in a research note on Thursday, April 6th. Barclays cut their price objective on Procter & Gamble from $161.00 to $158.00 and set an “overweight” rating for the company in a research note on Monday, January 23rd. Finally, StockNews.com assumed coverage on Procter & Gamble in a research note on Thursday, March 16th. They issued a “hold” rating for the company. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $156.00.
Procter & Gamble Profile
Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.
Further Reading
- Get a free copy of the StockNews.com research report on Procter & Gamble (PG)
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